electroCore announces $9.3M registered direct offering and concurrent private placements

seekingalpha06-03

electroCore (NASDAQ:ECOR) on Monday announced that it agreed to issue and sell to an institutional accredited investor an aggregate of 225,000 registered pre-funded warrants to purchase shares of ...

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The pre-funded warrants were sold at a purchase price of $6.43 minus $0.001 per pre-funded warrant, and are exercisable immediately at an exercise price of $0.001 per share. In a separate private placement, electroCore also agreed to issue and sell 1.21M of its shares and warrants to purchase up to an aggregate of 604,150 shares, to certain institutional and accredited investors and directors and officers of the company. The aggregate gross proceeds to the company from the issuance and sale of the securities described above is expected to be about $9.3M. The company currently intends to use the net proceeds from these sales for sales and marketing, working capital, and general corporate purposes. ECOR ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ECOR":"Electrocore LLC","BK4082":"医疗保健设备"},"translate_title":"electroCore宣布930万美元注册直接发行和同步私募","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ECOR":1},"content_text":"electroCore (NASDAQ:ECOR) on Monday announced that it agreed to issue and sell to an institutional accredited investor an aggregate of 225,000 registered pre-funded warrants to purchase shares of common stock and unregistered warrants to purchase up to an aggregate of 112,500 shares of common stock.  The pre-funded warrants were sold at a purchase price of $6.43 minus $0.001 per pre-funded warrant, and are exercisable immediately at an exercise price of $0.001 per share. 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